Economists Caution That Conventional Statistics Used to Estimate the Extent

question 99

Multiple Choice

Economists caution that conventional statistics used to estimate the extent of poverty in the United States fail to account for benefits people receive that, if considered, would reduce the amount of poverty.Which of the following is an example of these benefits?

• A)Individuals can use tax credits and the personal exemption to reduce their taxable incomes. This reduces what they owe the government and increases their disposable incomes.
• B)The federal income tax system is progressive. As a result, the poor have higher after-tax incomes than they would have if the income tax system was proportional or regressive.
• C)Individuals with low incomes receive non-cash benefits such as free school lunches and food stamps.
• D)The federal minimum wage forces employers to pay workers with low skills an efficiency wage.

Learn the effective use of visual elements and lists to structure information for ease of reader comprehension.

Acknowledge the nuances of tone, including the use of positive language and avoiding negative implications.

Comprehend the use and avoidance of technical jargon, clichés, euphemisms, and dysphemisms in professional settings.

Understand and apply principles of inclusive and non-biased communication.

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Definitions:

Training

The process of teaching or acquiring skills, knowledge, or competencies as a result of the teaching of vocational or practical skills and knowledge.

Superordinate Goals

Objectives shared among individuals or groups that necessitate cooperation, often used to resolve conflicts.

Self-managed Teams

Teams in which members together assume the roles of planning, executing, and evaluating their own work.

Shared Mental Models

Knowledge structures held by members of a team that enable them to form accurate explanations and expectations for the task, and, in turn, coordinate their actions and strategies.